After a steep retracement earlier this month, SUI price today is showing signs of recovery near the $3.18 mark. The rebound comes after bulls defended key support near $3.00, a level that coincides with the 0.382 Fibonacci retracement on the weekly chart. This level has now become a crucial pivot for the short-term direction of SUI price, as market sentiment begins to stabilize.
What’s Happening With SUI’s Price?
SUI price dynamics (Source: TradingView)
The recent drop in SUI price from May highs around $4.07 brought price action sharply down toward the $3.00 psychological handle. This correction came after failing to break the descending trendline resistance on the daily chart, which continues to pressure upward momentum. However, the strong bounce from $2.91 has reintroduced volatility, with a 9% gain posted on June 6 alone.
The 4-hour timeframe shows SUI price action reclaiming ground above the $3.15–$3.18 short-term resistance, now retested as support. Importantly, this bounce coincided with a break above a falling wedge structure and a reclaim of the 20-EMA and middle Bollinger Band, signaling that bulls are regaining short-term control.
SUI P…
The post SUI Price Prediction for June 07, 2025: Can Bulls Sustain the Recovery Toward $3.40 Resistance? appeared first on Coin Edition.
